Facebook on Wednesday officially unveiled its mobile audience network, the Facebook Audience Network, which brings Facebook’s targeting tech to third-party apps.
The network will support banner ads and interstitial ads with a small amount of code. It will also support native ads, but Deb Liu, director of product management at Facebook, said the native ads would require a little more investment on behalf of app developers when it comes to coding, compared to the banner or interstitial formats.
Liu announced the new network at the F8 Developer Conference in San Francisco. Liu did say that the company was “excited to announce the Audience Network” -- no “Facebook” before it -- although the image behind her had Facebook’s “F” symbol neatly placed in front of the words “Audience Network.”
Liu said the Facebook Audience Network compiles Facebook’s demand and targeting tech and brings it to developers.
“We bring it all together for you so that you don’t have to go out there as a publisher or developer and hire a giant sales team and sell ads,” Liu asserted. “You don’t have to find out who in your app is the right person for right audiences. You don’t have to parse your audiences, you don’t have to create reporting, you don’t have to do billing, you don’t have to figure out measurement on behalf of advertisers. It’s all done for you.”
She walked through three examples showing the Facebook Audience Network in action: Target reaching potential movie buyers on The Huffington Post; Coca-Cola creating look-alike audiences and reaching new prospects on a clothing site; and Audible finding "Game of Thrones" fans on the game “Cut the Rope.”
Facebook founder and CEO Mark Zuckerberg took the stage after Liu and shared a few thoughts of his own regarding the new mobile ad network.
“I’m really excited
about this audience network,” he said. He noted that in recent years Facebook has been focused on helping developers build and grow their apps, but said the launch of the Facebook Audience
Network marks the first time Facebook is helping developers “monetize in a serious way on mobile.” He believes the “mobile ecosystem needs a way to deliver native, personalized ads
The Facebook team was short on details about how the audience network would work, including what their share of advertising revenues would be, but encouraged developers to log on to sign up.
"We believe that the Audience Network provides
a mobile advertising experience that will better help publishers and developers monetize their apps, but we cannot commit to a specific revenue share at this point. Real-time reporting and expected
payout are available in the "Audience Network" section in your app settings page."
—Joe Mandese contributed to this story.